The fall of lehman brothers is depicted in the 2015 movie the big short where two of the characters walk around the lehman brothers offices after the bankruptcy to see the main trading floor lehman brothers is parodied in the 2016 disney animated film zootopia , which depicts a financial firm called lemming brothers, staffed by lemmings.
Barclays reportedly walked away from a lehman rescue deal after failing to obtain guarantees over the bank's financial commitments it considered a merger but decided it was not in the best.
Perspectives of barclays plc & lehman brothers mergers clearly, the benefits of barclays plc & lehman brothers mergers are numerous, but to examine those benefits in the context of human resource management organisational mergers are examined from three perspectives: management, the employee, and the human resource management function (kets de et al 2007, p: 11-50.
In the case of merger between barclays plc and lehman brother, the main human resource management challenges were the difference in cultures of the two organisations involved in the merger process and also the motivation of staff from both companies and especially those from lehman brothers. Barclays is now the seventh-largest american investment bank measured by revenue, according to dealogic the former lehman bankers are competing strongly in some crucial areas in advising on mergers and acquisitions in the united states, barclays was fifth in the first half of the year, according to dealogic.
Therefore the merger between barclays capital and lehman brothers inc had a worthwhile deal for barclays which was worth $175 billion the employees of lehman were absorbed in us and london office.
The agreement makes barclays one of the leading banks on wall street with capabilities across equity and debt markets, mergers and acquisitions, commodities trading and foreign exchange the businesses will be merged into barclays capital, although it is not clear whether the lehman name, one of the oldest on wall street, will disappear in the short term.